The Team
Alternative Funds

| Name | Chris Merry |
|---|---|
| Title | CEO |
| chris.merry@ matrixgroup.co.uk | |
| Phone | 020 3206 7126 |
Chris joined Matrix in June 2007. Before joining Matrix he was CEO of Whitehead Mann Group Plc, the publicly listed executive recruitment firm, which was taken private by an MBI team in late 2006. Prior to that he was Finance Director of Clifford Chance LLP, the global law firm. Chris began his career with Coopers & Lybrand where he became a partner in the audit practice in 1994. He spent 2 years in New York in the late 1980s and was based in China from 1994 to 1997 as Managing Partner of Coopers & Lybrand’s Shanghai office.

| Name | John Owen |
|---|---|
| Title | Group COO & CFO |
| john.owen@ matrixgroup.co.uk | |
| Phone | 020 3206 7079 |
John joined Matrix in March 2009 as Group Chief Operating Officer and Finance Director. John has spent his entire career in and around the financial services industry, starting his career in 1983 as a consultant and then moving onto UBS in the early 1990s where he worked within the European Equities division and then as MD in the Global Derivatives group. In 1998, he became one of the founding partners of Capco, a leading global provider of integrated consulting, technology, and transformation services to the financial services industry. He left Capco in 2005 to join ING as Chief Operating Officer of the Wholesale Banking division.

| Name | Bridget Guerin |
|---|---|
| Title | Managing Director |
| bridget.guerin@ matrixgroup.co.uk | |
| Phone | 020 3206 7211 |
Bridget is Managing Director of Matrix Money Mangement. Prior to joining Matrix, Bridget accumulated 16 years' of retail investment fund experience at Schroder Unit Trusts Limited, Ivory & Sime and County NatWest. Bridget sits on the Board of Matrix Alternative Investment Strategies Fund Limited, an open ended fund of hedge funds and Matrix Structured Products Limited, a closed ended fund in Bermuda.

| Name | Luke Reeves |
|---|---|
| Title | Director, Head of Retail and Institutional Business Development |
| luke.reeves@ matrixgroup.co.uk | |
| Phone | 020 3206 7215 |
Luke is a Director and Head of Retail and Institutional Business Development, in charge of the team promoting fund of hedge funds, Venture Capital Trusts and structured products. He joined Matrix Money Management at the start of the business in January 2000 and was appointed a Director two years later. Prior to Matrix, Luke gained considerable investment experience with 15 years at investment houses including M & G and Prudential.

| Name | Richard Jones |
|---|---|
| Title | Business Development Director - UK |
| richard.jones@ matrixgroup.co.uk | |
| Phone | 020 3206 7217 |
Richard joined Matrix Money Management in 2002 and is responsible for promoting fund of hedge funds, structured products and single hedge funds. After graduating from Leeds University, Richard started his career with Schroder Unit Trusts Limited where he built up extensive knowledge of the retail and institutional fund management industry. Richard has over 14 years industry experience including roles at Dresdner RCM and Premier Asset Management.

| Name | Glenn Hamilton |
|---|---|
| Title | Business Development Director - UK and Channel Islands |
| glenn.hamilton@ matrixgroup.co.uk | |
| Phone | 020 3206 7216 |
Glenn joined Matrix in 2004 after gaining considerable experience with a number of leading investment companies. Prior to Matrix, Glenn was at American Express Asset Management where he had a key involvement in both retail and institutional sales. He also spent a number of years with INVESCO, based in their Jersey and London offices.

| Name | Alexandra Galligan |
|---|---|
| Title | Institutional Business Development Manager |
| alexandra.galligan@ matrixgroup.co.uk | |
| Phone | 020 3206 7254 |
Prior to joining Matrix in 2008, Alexandra was a partner at the Fund of Hedge Funds, Collingham Capital Management for 7 years. Alexandra graduated with an Msc in Law and Accounting from the London School of Economics and a BComm. from University College of Dublin.

| Name | Sam Carter |
|---|---|
| Title | Business Development Manager - UK and Channel Islands |
| sam.carter@ matrixgroup.co.uk | |
| Phone | 020 3206 7225 |
Sam joined Matrix Group having gained experience at Fidelity International as part of the Wealth Manager Sales team. Prior to this Sam worked as an Investment Analyst at a Wealth Manager in London. Sam studied Management at the Judge Business School at Cambridge University, before which he graduated from Southampton University with a BA in Geography.

| Name | Lizzie Vickers |
|---|---|
| Title | Sales & Investor Relations Executive |
| lizzie.vickers@ matrixgroup.co.uk | |
| Phone | 020 3206 7210 |
Lizzie joined Matrix in October 2008 and was initially a member of the marketing team responsible for Matrix’ range of alternative investment funds, including fund of hedge and single funds. In February 2010 she joined Matrix Alternative Asset Management, our single hedge fund division, as Sales and Investor Relations Executive. Prior to joining Matrix Lizzie was a member of the British Olympic Sailing Team and spent four years campaigning the single-handed women’s dinghy, the Laser Radial. She narrowly missed out on selection for the Games in Beijing. She studied Classics at Oxford and graduated in 2003.

| Name | Jeff Cornish |
|---|---|
| Title | Business Development Manager |
| jeff.cornish@ matrixgroup.co.uk | |
| Phone | 020 3206 7223 |
Jeff has spent the last 16yrs in the financial intermediary and private client markets, initially spending 10 years with NPI where he managed national and key account division. After a spell as an IFA he then joined a specialist private equity firm as Sales Director where he set up their IFA distribution network selling VCTs and other specialist alternative investments to the intermediary community.

| Name | Helen Robertson |
|---|---|
| Title | Head of Broker Desk |
| helen.robertson@ matrixgroup.co.uk | |
| Phone | 020 3206 7218 |
Helen joined Matrix in August 2005 and works as the Head of Broker Desk in the retail division. Helen previously worked for Friends Provident for over 8 years gaining experience in a variety of Sales and Administration roles in the Financial Services Industry.

| Name | Richard Boughton |
|---|---|
| Title | Sales Support |
| richard.boughton@ matrixgroup.co.uk | |
| Phone | 020 3206 7220 |
Richard Joined Matrix in December 2007 to support the existing sales team promoting fund of hedge funds, Venture Capital Trusts and structured products.

| Name | Poppy Elliott |
|---|---|
| Title | Sale Support |
| poppy.elliott@ matrixgroup.co.uk | |
| Phone | 020 3206 7219 |
Poppy joined Matrix in February 2009 to support the sales team for alternative funds of funds. Prior to this she worked for the PR and Marketing department of The Royal Collection and read History of Art and English Literature at Oxford Brookes University.

| Name | Stuart Ratcliff |
|---|---|
| Title | Chief Investment Officer, Investment Team |
| fohf@ matrixgroup.co.uk | |
| Phone | 020 3206 7000 |
Prior to joining Matrix, Stuart was a Partner and Portfolio Manager at Collingham Capital Management for over 4 years. CCM was the Investment Manager responsible for the management of the Matrix Horizon Fund. Prior to CCM, Stuart had extensive experience in trading various Arbitrage strategies for hedge funds. This includes Convertible Arbitrage for both EA Capital and UBK Asset Management. Prior to that he was a Fixed Income Arbitrage trader for Litchfield Capital. Stuart holds a business degree from the University of Brighton.

| Name | Bechara Madi |
|---|---|
| Title | Senior Macro Analyst, Investment Team |
| bechara.madi@ matrixgroup.co.uk | |
| Phone | 020 3206 7227 |
Prior to joining Matrix Bechara gained 20 years experience in financial services as an economist, hedge fund strategist and portfolio manager. He spent 12 years as a senior EMEA and European economist at Morgan Stanley before moving to North Asset Management as Partner and Head of Macro and Quantitative Research. He then worked for WMG Advisors as Senior Strategist and PM for their Global Macro Fund before moving into strategic and economic consultancy for a range of fund management organisations.

| Name | Ramon Pons |
|---|---|
| Title | Senior Credit Analyst, Investment Team |
| ramon.pons@ matrixgroup.co.uk | |
| Phone | 020 3206 7000 |
Prior to joining Matrix, Ramon has over 11 years experience in the financial credit industry. Previously he was Risk Manager for Credit Funds at Cheyne Capital, responsible for monitoring and risk managing a diversified portfolio of 14 alternative investment credit funds. Prior to this he worked, first as a Credit Risk Manager, then a Credit Trader for Lloyds TSB Bank, and then an Executive Director of Credit Risk for Canadian Imperial Bank of Commerce and a Credit Analyst for both Banca Monte dei Paschi di Sienna and Banca March. Ramon is bilingual in English and Spanish.

| Name | Justine Lee |
|---|---|
| Title | Head of Operational Due Diligence, Investment Team |
| justine.lee@ matrixgroup.co.uk | |
| Phone | 020 3206 7242 |
Justine joined Matrix in November 2008. She has 12 years experience of working within the financial services sector and spent the last six as Head of Operational Due Diligence, Fund of Hedge Funds, for First State Investments (the UK arm of Colonial First State Global Asset Management). Prior to that Justine worked for both State Street Global Advisors and JPMorgan Fleming as a risk/business analyst.

| Name | Angela Brown |
|---|---|
| Title | Analyst, Investment Team |
| angela.brown@ matrixgroup.co.uk | |
| Phone | 020 3206 7241 |
Angela rejoined Matrix in October 2008 as an analyst in the investment team, joining us from Grenfell PAI Ltd where she worked as an operations analyst for 2 years. Prior to Grenfell, she had worked in Matrix Registrars for 4 years.

| Name | Christopher Clarke |
|---|---|
| Title | Analyst, Investment Team |
| chris.clarke@ matrixgroup.co.uk | |
| Phone | 020 3206 7224 |
Chris is an analyst in the investment team at Matrix. Having read PPE at Oxford he then worked for Cazenove Capital Management and UBS in private client and project management respectively.

| Name | Tom Etminan |
|---|---|
| Title | Analyst |
| tom.etminan@ matrixgroup.co.uk | |
| Phone | 020 3206 7243 |
Tom joined the Investment Team as an Analyst in 2009 having graduated from Oxford University with a Masters in Physics.

| Name | Adam Jackson |
|---|---|
| Title | Director, Products & Operations |
| adam.jackson@ matrixgroup.co.uk | |
| Phone | 020 3206 7212 |
Adam Jackson graduated from Cambridge University after earning a Masters in Natural Sciences. Prior to joining Matrix in August 2005, Adam served in HM Forces with 1 RHA where he completed Tours of North Belfast and Iraq. Adam is responsible for marketing Matrix' range of retail products to Independent Financial Advisors.

| Name | Ben Fox |
|---|---|
| Title | Product & Marketing Manager |
| ben.fox@ matrixgroup.co.uk | |
| Phone | 020 3206 7213 |
Ben joined Matrix having graduated from Cambridge University in the summer of 2006. At Cambridge Ben gained a BA (Hons) in History and studied Management at the Judge Business School. Ben is responsible for marketing Matrix’ range of retail products to Independent Financial Advisors.

| Name | Rupert Foster |
|---|---|
| Title | Asia Fund Manager |
| rupert.foster@ matrixgroup.co.uk | |
| Phone | 020 3206 7235 |
Rupert joined Matrix in February 2008 to run the Matrix Asia Fund. He joined Mercury Asset Management, latterly Merrill Lynch Investment Managers, from university in 1994, and left in 2001 to found FM Capital Management, where he managed a Japanese-equity long/short fund for six years.

| Name | David Peerless |
|---|---|
| Title | Senior Analyst, Asia |
| david.peerless@ matrixgroup.co.uk | |
| Phone | 020 3206 7244 |
David Peerless joined Matrix in 2009 as Senior Analyst for the Matrix Asia Fund, working with Rupert Foster. Prior to joining Matrix, David was Head of Research at Evolution Securities China Ltd, based in Shanghai. Previously, he managed Procter & Gamble’s brand protection program in China.

| Name | Hubert van den Burgh |
|---|---|
| Title | Europe Fund Manager |
| hubert.vandenburgh@ matrixgroup.co.uk | |
| Phone | 020 3206 7232 |
Hubert joined Matrix in July 2007 to manage the Matrix Europe Fund. He joined Merrill Lynch from Oxford University in 1998 becoming co-manager of the Merrill Lynch UK Equity Hedge Fund as well as lead manager of around US$ 1 bn in pension fund assets. Most recently Hubert was a founder member of Park Town Asset Management. He is a Chartered Financial Analyst Charterholder.

| Name | David Thornton |
|---|---|
| Title | New Europe Fund Manager |
| david.thornton@ matrixgroup.co.uk | |
| Phone | 020 3206 7234 |
David joined Matrix in June 2006 to manage the Matrix New Europe Fund. His investment management career began in 1982 and he spent 17 years at Henderson Global Investors where he was a Director and Head of UK Institutional Equities. He is an Associate of the Society of Investment Professionals.

| Name | Paul Spence |
|---|---|
| Title | Fund Manager |
| paul.spence@ matrixgroup.co.uk | |
| Phone | 020 3206 7231 |
Paul Spence, who joined Matrix in November 2005, has had a 20-year career within financial services. Initially at BZW, Paul spent time in Japan rebuilding the trading business, returning to the UK in 1997 as head of global macro. At Barclays Capital he formed an internal equity hedge fund for which he ran the global macro strategy. Paul left Barclays in 1999, and joined Abingdon Capital plc to set up Mountcashel LLP and launched the Mountcashel Fund in May 2004.

| Name | Gennaro Pucci |
|---|---|
| Title | CIO and Founding Partner, PVE Capital LLP |
| gp@ pvecapital.com | |
| Phone | 020 3206 7376 |
Gennaro Pucci is Founding Partner and CIO of PVE Capital. Previously he was Head of Trading at Credaris where he was responsible for the management of assets in excess of $1bn. Credaris' two funds were a $900m Credit Fund and the $170m Credaris Credit Fund (formally Correlation Fund). This latter fund was nominated at the 2008 Eurohedge Awards for Best New Fund, Best Credit Fund and Best Hedge Fund. Prior to Credaris, Gennaro was a Senior Structured Credit Trader at Commerzbank Securities (2004 - 2005), Head of Structured Credit Trading at MPS Finance Banca Mobiliare (2000 - 2004) and a Derivatives Trader at Cofiri Sim SPA (1996 - 2000).

| Name | Christian Evans |
|---|---|
| Title | Trader and Founding Partner, PVE Capital LLP |
| ce@ pvecapital.com | |
| Phone | 020 3206 7378 |
Christian is one of the Founding Partners of PVE Capital LLP. He has 13 years experience in the credit markets most recently at UBS Principal Finance and at London-based hedge fund Credaris where he traded relative value strategies. Prior to 2005, Christian held a number of different market-making roles at Credit Suisse, DLJ and PaineWebber before that. Christian holds an MSc in International Securities, Investment and Banking from the ICMA Centre, University of Reading.

| Name | Joe Vittoria |
|---|---|
| Title | COO and Founding Partner, PVE Capital LLP |
| jv@ pvecapital.com | |
| Phone | 020 3206 7374 |
Joe started his career in 1985 at Salomon Brothers in NY (and was in the training program featured in the book, Liars Poker). In 1986 he moved to London and worked in Equity Sales, then Equity Derivative Sales, and then formed Salomon’s Quantitative Marketing Unit. In 1998 he left Salomon and started a quant hedge fund. In 2003 his company Mirabella Financial Services started helping other funds to setup under his company’s FSA umbrella and it continues to provide regulatory facilitation today. In 2007 he joined GML Capital, a $600m emerging market hedge fund manager, as COO, and compliance officer.

| Name | Elena Ciampichetti |
|---|---|
| Title | Head of Credit Research |
| ec@ pvecapital.com | |
| Phone | 020 3206 7384 |
Elena manages PVE’s credit research group. She has over 16 years experience in Fixed Income having worked as a credit research analyst in London for a number of leading global investment banks. Prior to joining PVE, Elena spent nine years at Citi (formerly Citigroup) as a Managing Director in Fixed Income. Her last assignment was to set up and head European Leverage Loans Analysis. Before working at Citi, she was a Director in credit research at Credit Suisse, and before that at Merrill Lynch. Throughout her career, Elena has covered investment grade, high yield and distressed credits and has been a top ranked analyst in Autos and Consumers/Retail.

| Name | Rachel Barnard |
|---|---|
| Title | Trader and Partner, PVE Capital LLP |
| rb@ pvecapital.com | |
| Phone | 020 3206 7377 |
Rachel joined PVE Capital in September 2009 having previously worked at UBS for 12 years. Whilst with UBS, Rachel was Head of The Principal Finance ABS trading desk and a member of the Brooklands Credit Committee. Rachel's responsibilities included the trading and risk management of a $6bn portfolio of ABS bonds including RMBS, CMBS, NPL, consumer assets and synthetic and cash CDO and CLO positions.

| Name | Judith Newman |
|---|---|
| Title | Analyst |
| judith.newman@ pve.com | |
| Phone | 020 3206 7383 |
Judith joined PVE Capital in November 2009 as an analyst. She has extensive experience having worked as a credit analyst in London for 15 years. She previously worked at Legal & General Investment Management, Julius Baer Asset Management and most recently at Credaris with PVE Capital partners Gennaro Pucci and Christian Evans. She also qualified as a chartered accountant with Coopers & Lybrand.

| Name | Paul Condon |
|---|---|
| Title | COO, MAAM |
| paul.condon@ matrixgroup.co.uk | |
| Phone | 020 3206 7236 |
Paul joined in January 2008 from Shooter Fund Management where he ran their Operations, managing a variety of roles. Paul started in the City in 1984 in International Banking and moved through many mergers and takeovers. Most recently he spent over 7 years with Robert Fleming, and then JP Morgan, in their Middle Office covering global equities, credit and fixed income.

| Name | Michael Geaghan |
|---|---|
| Title | Operations Assistant |
| michael.geaghan@ matrixgroup.co.uk | |
| Phone | 020 3206 7239 |
Michael joined Matrix in October 2008 as the Operations Assistant for MAAM. He previously worked for Deutsche Bank and a New Bond Street Asset Management covering various OTC products. Michael previously worked for the France Telecom Group spending two years in Global Sourcing and two years as a Business Analyst in the Engineering department.

| Name | Susanne Hardtke |
|---|---|
| Title | Operations Analyst |
| sh@ pvecapital.com | |
| Phone | 020 3206 7379 |
Susanne joined Matrix in September 2009 as Operations Analyst, supporting PVE Capital LLP . Previously she worked for Credaris and Bear Stearns International. She holds a degree in Business Law from the Unitversity of Applied Sciences in Germany, Nuertingen.
